Moody’s Analytics will use machine learning and a host of indicators to compile and analyze large-cap stablecoins and identify probable depeggings.Moody’s Analytics is launching a new stablecoin service that will use AI to predict probable depeggings “in a 24-hour time horizon” while providing real-time insights about stablecoin issuers’ liquidity and stability.So far in 2023, there have been 1,914 depeggings, of which 609 were of fiat-backed large-cap stablecoins.
Besides identifying depegging risks, the service will indicate “the stablecoin’s market and liquidity dynamics, the stability of the stablecoin issuer, the custodians that hold the stablecoin’s assets, and the quality of these reserves.” In addition, it will provide “a transparency index that will highlight the quality of disclosures made by the entities behind these fiat-backed stablecoins.
In 2023, Moody's Analytics reported 609 depegging instances among large fiat-backed stablecoins, down from 707 in 2022 Depegging indicates fluctuations of more than 3% in a day against their fiat pegs, highlighting the volatile nature of the sector. Moody’s Analytics is a separate company from Moody’s Ratings. It provides commentary on aspects of the crypto assets market on a regular basis.
Source: Tech Daily Report (techdailyreport.net)
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